Walmart, its very name brings with it an image of a soulless corporation, a company which abuses its employees down so much that they will rip the company to shreds on their own internal website when asked. A company reliant on government assistance to keep its employees able to even eat.
It is a recipe for disaster. And those who follow the teachings of Milton Friedman and other objectivist economists would try and explain that this is absolutely required for a successful company. But don’t tell that to Publix, which now sits as the most profitable grocer in the United States, holding a remarkable 52.8% of the grocery market in highly competitive Florida, against Walmart’s 14.5%.
nothing last forever especially when your practices are less than honorable when it comes to employee compensation. Rome, Colossus of Rhodes, right wing politics and walmart, old and new collapses in history.
How does Publix do it? Are they even more soul crushing, seeking to demoralize employees to the point that they are wage slaves, like McDonald's does? The opposite, Publix is an employee owned corporation. You read that right, employee owned. The company does well, then the employees do well.This gives your average employee of Publix a stake in improving the companies bottom line, thanks to regular dividends. They do this by retaining customers, through excellent customer service. Even Forbes magazine has come to recognize that the Publix business model is a "Walmart Slayer." And to add to the fears of the Beast of Bentonville, Publix is expanding into new markets, just as other companies are copying the Publix model.Publix, through its focus on its staff and customer service, is able to beat Walmart's shareholder returns, with a compound growth of 18% per year, as opposed to Walmart's 10.5% by Walmart. Of course, Walmart is a publicly traded company, while Publix is owned by its employees, so if someone wishes to invest in Publix, they would first need to begin working for Publix, and their rate of ownership is based on their wages. This encourages the hardest workers, those who dedicate themselves to the company, giving them a real stake in the company as they labor.
with all their business savvy they never learned that a well fed worker and his family due to a good living wage is the way to go, actually they do know look at all the golden parachutes and bonuses they pay the upstairs people that is what makes it hard for them to see those bonus payed to those who actually work for the company is what brings in the bucks, and repeat business along with loyal workers of choice not because you are the only job available.
goes to show they don't need the big guys with the big bonus and retirement you just need to share the wealth and treat people as you would like to be treated, with respect.
